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Harvard University Endowment

PRI reporting framework 2018

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Engagement

Overview

LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Attach or provide a URL to your engagement policy.

01.3. Indicate what your engagement policy covers:

01.4. Provide a brief overview of your organization’s approach to engagement

As an investor, HMC recognizes that a company’s ability to identify and manage ESG risks effectively may affect its valuation. Therefore, engagement with companies plays an important role in our approach to sustainable investment. We select opportunities for engagement based on a number of factors, including the relevance of the ESG risks to shareholder value, risk management, and disclosure practices. Given the current asset allocation of the endowment, we believe the most impactful way to engage with publicly listed companies is through collaborative engagements, such as those organized by the UN PRI, where we can join voices with other asset managers and owners. In 2017 HMC joined the PRI’s global collaborative engagement on the management and disclosure of methane emissions as co-lead investor.

01.6. Additional information [optional]


LEA 02. Reasoning for interaction on ESG issues

02.1. Indicate the method of engagement, giving reasons for the interaction.

Type of engagement Reason for interaction
Individual/Internal staff engagements

Please specify why your organisation does not engage via internal staff.

Given the current asset allocation of the endowment, we believe the most impactful way to engage with publicly listed companies is through collaborative engagements, such as those organized by the UN PRI, where we can join voices with other asset managers and owners.

Collaborative engagements
Service provider engagements

Please specify why your organisation does not engage via service providers.

HMC does not use service providers.

02.2. Additional information. [Optional]


Process

Process for engagements conducted via collaborations

LEA 05. Process for identifying and prioritising collaborative engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

05.1. Indicate whether your organisation has a formal process for identifying and prioritising collaborative engagements

05.2. Describe the criteria used to identify and prioritise collaborative engagements.

05.3. Additional information [Optional]


LEA 06. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Indicate if you define specific objectives for your engagement activities carried out collaboratively.

06.2. Indicate if you monitor the actions companies take during and following your collaborative engagements.

06.3. Indicate if you do any of the following to monitor and evaluate the progress of your collaborative engagement activities.

06.4. Additional information. [Optional]

 

 


General processes for all three groups of engagers

LEA 09. Share insights from engagements with internal/external managers

09.1. Indicate if insights gained from your engagements are shared with your internal or external investment managers.

Type of engagement Insights shared
Collaborative engagements

09.2. Additional information. [Optional]


LEA 10. Tracking number of engagements

10.1. Indicate if you track the number of your engagement activities.

Type of engagement Tracking engagements
Collaborative engagements

10.2. Additional information. [OPTIONAL]


Outputs and outcomes

LEA 11. Number of companies engaged with, intensity of engagement and effort (Private)


LEA 12. Engagement methods

12.1. Indicate which of the following your engagement involved.

12.2. Additional information. [Optional]

HMC participated as a co-lead on the PRI Methane Engagement. During the reporting period the focus was on gathering information, filling out scorecards and drafting/sending introductory letters to companies. 


LEA 13. Companies changing practices / behaviour following engagement (Private)


LEA 14. Examples of ESG engagements (Private)


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